The minutes were quite dovish in the sense that the Fed seems very close to the end of its tightening cycle, so I think the market move is justified. |
The tone from the Bank of Canada has softened lately and upbeat data are needed to intensify rate hike expectations. |
There may be a few flows from some parts of Europe, but there are no major flows, and there's certainly no fresh news to trade, and there's been no surprises. |
There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further. |
We do expect broad-based dollar weakness to resume when or shortly after the U.S. Federal Reserve begins to signal the end of the current tightening cycle. |
We have had disappointing data in the United States this week and in the euro zone we have had comforting news, ... If we get a weak GDP number no one would want to hold onto long dollar positions next week. |
We have had disappointing data in the United States this week and in the euro zone we have had comforting news. If we get a weak GDP number no one would want to hold onto long dollar positions next week. |